Swedish ASIC miner company kncminer.com

[CYPER]

Think again. $40k gets you 5 TH delivered next week. By the time you get the Neptunes, difficulty will be much higher. 5 TH now is far more profitable than 12 TH several months from now.

5th next week? Who sells them?

25+ Antminers from Bitmain.
https://www.bitmaintech.com/product.htm

3th of Antminers = 5kw (by taking 300watts per Antminer) = 31.654BTC (without shipping) = 25.8k $
3th of Neptunes = 2.5kw = 14.6BTC = 12k $

Two times more $$$ and watts for the same hash-power.

when is that neptune shipping?

Oh you know, in between 1 and 130 days give or take

You know what will piss me off - if they somehow manage to be late and start shipping in Q3.
Of course I would have requested a refund long before that.

[1714022740]

1714022740

[1714022740]

1714022740

[1714022740]

1714022740

[1714022740]

1714022740

[RenHoek]

the last batch of neptunes was no refunds?! holy, didnt know that.

KNC used to be very customer friendly, but not anymore. Now you get:
No refunds
No PayPal/Credit cards accepted
No plausible explanations on decisions they make, but just quoting the word "procedures"

I remember back in August when Sam Cole was willing to talk with his customers for hours over the phone, but now he is extremely busy.

I am also very close at refunding my Neptunes...

[/quote

wow everyone is jumping ship. looks like im gonna jump as well. fuckit. ill just get a bunch of ant miners.

@bitcoinorama:
Your customers leaving KNC more and more, asking refunds´.
that is your fault in leaking communication and Status updates as it was in last year!


and asking ppl to hold BTC handy for new Jupiters a month ago and nothing was selled was realy big fault!!!
me personaly and many other customers has missed the chance to order other Hardware(CT/Bitmine) with short lead time!

this all seem arrogance a bit  to much!!!

we are very pissed! maybe we all should refund now?

[davebodger]

HODLing does not apply to preorders?
I guess not. I am trying very hard to give them the benefit of the doubt, but judging by the sentiment here someone (cough...Sam...cough) need to talk to the struggling public soon.

what is the HODL bullshit, is this some new retarded internet meme? god so stupid...

Ref: this post I think :- https://bitcointalk.org/index.php?topic=375643.0

[DPoS]

Isn't Neptune the miner that Markus wanted to build all along??  It is Sam we should all toast every Oct since he put a firecracker in everyone's ass to ship first and everything else second

But since they say they can't build new controller boards anyway, their hands were tied.. nice that they were upfront about it


I still think Jupiters' power usage is fine since 'the long haul' is finding a really cheap place for electricity anyway.
So why waste all the time and money on 20nm etc blah blah design?  

everyone seems to forget math when it comes to this love affair with power usage on this gen's miners
I thought that way briefly too lately but realize that mining is global and it is probably easier to find a cheap place in the world to run the miner than to bother with costly redesign

[Biodom]

Isn't Neptune the miner that Markus wanted to build all along??  It is Sam we should all toast every Oct since he put a firecracker in everyone's ass to ship first and everything else second

But since they say they can't build new controller boards anyway, their hands were tied.. nice that they were upfront about it


I still think Jupiters' power usage is fine since 'the long haul' is finding a really cheap place for electricity anyway.
So why waste all the time and money on 20nm etc blah blah design?  

everyone seems to forget math when it comes to this love affair with power usage on this gen's miners
I thought that way briefly too lately but realize that mining is global and it is probably easier to find a cheap place in the world to run the miner than to bother with costly redesign

This!

Once Jupiter design was firm and internal costs perhaps a thou or two (probably even less), why not sell, sell sell? It surely beats the antminer. I cannot get my head around this conundrum. Bad example, but Apple was still selling freaking AppleII (or was it Lisa?) while they were burning midnight oil working on Mac.

[3rac3]

Isn't Neptune the miner that Markus wanted to build all along??  It is Sam we should all toast every Oct since he put a firecracker in everyone's ass to ship first and everything else second

But since they say they can't build new controller boards anyway, their hands were tied.. nice that they were upfront about it


I still think Jupiters' power usage is fine since 'the long haul' is finding a really cheap place for electricity anyway.
So why waste all the time and money on 20nm etc blah blah design?  

everyone seems to forget math when it comes to this love affair with power usage on this gen's miners
I thought that way briefly too lately but realize that mining is global and it is probably easier to find a cheap place in the world to run the miner than to bother with costly redesign

+1

It would be interesting to see how many ppl would rather have 2 additional jupiters now rather 1 Neptune in 4 months.

[rograz]

Once Jupiter design was firm and internal costs perhaps a thou or two (probably even less), why not sell, sell sell?

They wanted to crowd fund 20nm with pre orders while they could is my guess, it is very doubtful another company will be able to do the same once multiple companies are shipping 28nm in bulk a few months down the line.

[rograz]

The winner in the mining game is the one who as the most power efficient machine (or the one with free electricity).
I know Neptune's will be hashing while Antminer's will be turned off because they use to much electricity.

At the current prices of mining hardware the difference betwen a antminer and expected neptune effiency  matters very little in the grand scheme of things when calculating ROI. Lets imagine that neptune hits 0,5GH/w and compare that to the antminers 2W/GH.

per TH/s of Neptune/Antminer we get the following at 0,15 usd/kwh

Neptune 0,5x24x30x0.15 = 54

Antminer then = 4x54 =216

So the day you have to turn off your antminers, on that day your neptune will make  162 usd/month per TH/s. While most are expecting KNC to over deliver the only promise they have given is 3TH so that would make it roughly 450 usd/month. Doesn't look that terrible but diff will not stop increasing the day the antminers are turned off. All I'm trying to say is that at current prices getting the right price/gh for the delivery window is more important than power consumption, at least while we are no longer talking of order of magnitude differences between offerings anymore.

[Mesterlovesz74]

Is there a Scrypt Asic miner? Is there a small one line Antminer? What do you know about it?

[ASIC-K]

Is there a Scrypt Asic miner? Is there a small one line Antminer? What do you know about it?

lol, oh noobs.

[CYPER]

Is there a Scrypt Asic miner? Is there a small one line Antminer? What do you know about it?

lol, oh noobs.

Remember we were all noobs back in the days  
Oh those were beautiful days: difficulty of 1 million 

[dominic25]

anyone ask refund neptune?

yes, on both of my orders. going to buy btc with it instead.

Did you want to sell your customer appreciation Neptune? Please email me if you have an interest Thanks spokanedeff@yahoo.com

[dominic25]

Submitted my refund request for the Neptune last night. Love KnC very much and was very happy with my Jupiter, but with the dark horses and apparent venture capital flowing into the mining industry, I'm too much of a small fry to stomach the risk. I don't think ASICs and centralization of mining will kill Bitcoin, it just leaves the door open for other cryptos that are more ASIC resistant to become a strong second. Best to you all.

I have an interest in your Neptune. Is it the first batch 'customer appreciation'? If yes, please email me at spokanedeff@yahoo.com  Thanks

[timmmers]

Think again. $40k gets you 5 TH delivered next week. By the time you get the Neptunes, difficulty will be much higher. 5 TH now is far more profitable than 12 TH several months from now.

5th next week? Who sells them?

25+ Antminers from Bitmain.
https://www.bitmaintech.com/product.htm

3th of Antminers = 5kw (by taking 300watts per Antminer) = 31.654BTC (without shipping) = 25.8k $
3th of Neptunes = 2.5kw = 14.6BTC = 12k $

Two times more $$$ and watts for the same hash-power.

There is a really big difference here. You really can't even get a Neptune for at least another several months so why even compare right now?

All my friends requested refunds also for their Neptunes. In the bunch I think there was like 18 of them. Don't be surprised if you see some go on sale or we hear some news from KNC now. Once they see their very loyal customer base is dumping them out I'm pretty sure we'll eventually hear some thing from them soon. They only have one spokesperson here who isn't a sales person and can't really confirm on anything since all decisions are made by Sam. Only a matter of time we'll hear something. Once you are a millionaire and see possible money that could be yours leaving your bank account it starts to make you worry, no matter how much you have.

Or those of us who stand pat get extra hashing power or some other recompense. 

or maybe discount on hosting

Depending on how this pans out, maybe a tax on hosted miners profits? They will attract capital gains tax as assets ..how the hell that will work and who pays it though? http://www.pfhub.com/sweden-will-treat-bitcoin-as-an-asset-not-a-currency-311/

Worth looking into if you are thinking of hosting in Sweden to avoid nasty surprises.

[1l1l11ll1l]

At this point, I don't think there's any reason to go with a Neptune, Cointerra is days away from shipping a proven chip/product. Buying now is May delivery, at 2TH for $6k, compared to some design thoughts on paper. Yes KNC delivered thoughts on paper to product lightning quick, but stuff can still happen to cause major delays.

It's also easy since KNC is sold out again, but batch 3? It'd have to be a $3k Neptune to make it even a consideration.

[Tehfiend]

The winner in the mining game is the one who as the most power efficient machine (or the one with free electricity).
I know Neptune's will be hashing while Antminer's will be turned off because they use to much electricity.

At the current prices of mining hardware the difference betwen a antminer and expected neptune effiency  matters very little in the grand scheme of things when calculating ROI. Lets imagine that neptune hits 0,5GH/w and compare that to the antminers 2W/GH.

per TH/s of Neptune/Antminer we get the following at 0,15 usd/kwh

Neptune 0,5x24x30x0.15 = 54

Antminer then = 4x54 =216

So the day you have to turn off your antminers, on that day your neptune will make  162 usd/month per TH/s. While most are expecting KNC to over deliver the only promise they have given is 3TH so that would make it roughly 450 usd/month. Doesn't look that terrible but diff will not stop increasing the day the antminers are turned off. All I'm trying to say is that at current prices getting the right price/gh for the delivery window is more important than power consumption, at least while we are no longer talking of order of magnitude differences between offerings anymore.

If you think about it, while a faster time to market obviously benefits the pre-order customers, a higher power efficiency benefits KNC because they will be able to sell the 20nm ASIC chip much longer. Regardless, I've actually decided to keep my order because I'm going to gamble that the early "customer appreciation" batch will at the very least break even in BTC because I believe they do plan on rewarding their customers in whatever their actual schedule is which I will bet is early April. I just hope they can pull it off...

/rollsdice

[DPoS]

At this point, I don't think there's any reason to go with a Neptune, Cointerra is days away from shipping a proven chip/product. Buying now is May delivery, at 2TH for $6k, compared to some design thoughts on paper.

you mean those same design thoughts that are still only on paper for cointerra??? 

[1l1l11ll1l]

At this point, I don't think there's any reason to go with a Neptune, Cointerra is days away from shipping a proven chip/product. Buying now is May delivery, at 2TH for $6k, compared to some design thoughts on paper.

you mean those same design thoughts that are still only on paper for cointerra??? 

correct

https://cointerra.com/update-prototype-testing-completed-certification-production-week/

[ASIC-K]

Honestly my thinking is that they really dont care about early supporters anymore....we got them off the ground and now they are considered the best company in hardware, they will now focus on commercial applications and forget about everyone. it makes perfect business sense, home mining is already almost gone, so why appease us? im not chancing it anymore.

[vesperwillow]

One thing is certain, if folks keep their Neptune miners and by the time they're delivered they won't ROI.. just ebay the darn things. You'll make a profit.